Tremblant Capital Group Has $10.89 Million Position in Lionsgate Studios Corp. $LION

Key Points

• Tremblant Capital Group trimmed its Lionsgate stake by 11.8% to 1,578,587 shares, a position worth $10.89 million (about 0.54% of the company).
• Several large institutions sharply increased exposure—Jefferies raised its holding 251% to 5.81 million shares and Geode boosted its stake 658.6% to 4.74 million, with Invesco, Millennium and Marshall Wace also adding material positions.
• Lionsgate reported a quarterly loss of $0.07 per share (missing estimates) but beat on revenue; the stock trades near $9.73 with a $2.82 billion market cap and a consensus rating of Moderate Buy (price target $9.86).

Tremblant Capital Group lessened its position in Lionsgate Studios Corp. (NYSE:LION - Free Report) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,578,587 shares of the company's stock after selling 211,383 shares during the quarter. Tremblant Capital Group owned approximately 0.54% of Lionsgate Studios worth $10,892,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jefferies Financial Group Inc. boosted its position in Lionsgate Studios by 251.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 5,805,850 shares of the company's stock worth $33,732,000 after acquiring an additional 4,151,822 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lionsgate Studios by 658.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,740,225 shares of the company's stock worth $27,547,000 after acquiring an additional 4,115,334 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Lionsgate Studios by 72.6% in the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after purchasing an additional 837,774 shares during the last quarter. Invesco Ltd. lifted its position in shares of Lionsgate Studios by 164.4% in the third quarter. Invesco Ltd. now owns 1,811,579 shares of the company's stock worth $12,500,000 after purchasing an additional 1,126,478 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Lionsgate Studios by 3,352.1% in the second quarter. Marshall Wace LLP now owns 1,753,646 shares of the company's stock worth $10,189,000 after purchasing an additional 1,702,846 shares in the last quarter.

Lionsgate Studios Stock Performance

Lionsgate Studios stock opened at $9.73 on Friday. The stock has a 50-day simple moving average of $9.14 and a 200 day simple moving average of $7.80. The stock has a market capitalization of $2.82 billion, a P/E ratio of -11.45 and a beta of -0.39. Lionsgate Studios Corp. has a 52 week low of $5.55 and a 52 week high of $11.02.

Lionsgate Studios (NYSE:LION - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $724.30 million during the quarter, compared to analysts' expectations of $706.03 million. Research analysts forecast that Lionsgate Studios Corp. will post 0.08 earnings per share for the current year.

Insider Activity at Lionsgate Studios

In related news, insider Michael Raymond Burns sold 21,748 shares of the business's stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $9.01, for a total transaction of $195,949.48. Following the transaction, the insider directly owned 3,061,213 shares of the company's stock, valued at approximately $27,581,529.13. The trade was a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 32.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LION. Morgan Stanley reaffirmed an "overweight" rating and issued a $11.00 target price on shares of Lionsgate Studios in a research report on Friday, February 6th. Benchmark boosted their price target on shares of Lionsgate Studios from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Lionsgate Studios from a "hold" rating to a "sell" rating in a research note on Saturday, February 14th. Zacks Research upgraded Lionsgate Studios from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $11.50 target price on shares of Lionsgate Studios in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.86.

Lionsgate Studios Company Profile

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.

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